accepted.co.uk - the loans search engine

Feeling down in the dumps over festive finances may be one of the consequences of overspending this yuletide.

Such is the assertion of financial expert Jasmine Birtles, who says that Christmas should not be about misery brought on by households getting into debt to cover the costs of the holiday season.

Indeed, she says that she is pleased that people have been forced to take a check of their monetary situation, although a loan could cover the household expenditure of family festivities.

"All this spending has created misery. Not just after Christmas with the debt but at Christmas there is an empty feeling of disappointment and frustration," Ms Birtles says.

Furthermore, research from Lloyds TSB has revealed that 48 per cent of people feel that they cannot afford to be as generous this year as previously, although secured loans could pay for any expensive ventures this holiday.

Moreover, secured loans may have a lower annual percentage rate than other loans, which could be an attractive option for individuals looking at ways to fund that extra special present - such as a new car - or a winter holiday for the family.